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That all depends on the state you reside in. If the state has a sales tax, yes. If you buy from adealer they will usually collect the tax at the time of sale. If you buy from an individual then the state will collect the tax when you register the boat. If you are talking about personal property tax, then again, in some states, like Virginia or Maryland you have to pay tax on the assessed value, just like on a car. com http://newboatbuilders. com/. Do you have to pay taxses on sold boats. Since you have experience, I was hoping you could give me some clues as to what you look out for.

However, if you sold the boat prior to January 1st, then send us a copy of the bill of sale, the name and mailing address of the new owner, and a note explaining the situation so that we can cancel your bill and rebill the new owner. Ann Takemoto Principal Appraiser Ventura County Assessor`s Office Public Service: (805) 654-2181 Boats & Aircraft . Do you have to pay taxses on sold boats. Since you have experience, I was hoping you could give me some clues as to what you look out for.

I assume that you are asking if you have to pay a tax on a boat that you have bought. Agreed, you have to pay an excise, use, or sales tax to some registering authority depending on the jurisdiction. Maryland has a 5% tax, but no property tax. Virginia has a 2% tax up to a maximum of $2,000.00. VA does have a property tax. Other states have a tax upwards of 6%, 7% or 8%. If the question really was "Is there a tax on sold boats"; i.e. do you have to pay a tax on a boat that you had owned and sold, the answer is no.

Boats do not dramatically appreciate, but they do hold their value against inflation. It is a market for aficionados which puts limits on demand but the most collectible boat is made from wood, which we build. Worldwide there are only a handful of people who still make wood boats. I personally hand build each Mahogany shell over several weeks using both traditional and contemporary methods. The main criteria for purchasing a boat is buy what you like. The real appreciation found in rowing is investing time on the water and garnering all of the intrinsic benefits of sculling. This year our most popular shell is the Excellence which is somewhat unusual in that the trend for years has been composite. As often is the case when the economy suffers luxury items tend to gain popularity. Tropical woods are increasing difficult to procure which will definitely escalate the prices of new shells in the future. I will be happy to answer more questions. What are the best options in your opinion.

Rarely do boats ever appreciate, I think that overall I would say they will depreciate just as cars do when you get hours or miles on them. But building the right boat and taking care of it will maintain the value for years. So there is alittle homework to do. The skiffs we build come with enough standard features that you can trailer it anywhere and fish it with no issues whatsoever. The options are just creature comforts that fisherman love to spend there money on. In my honest opinion the only option needed on our boats is a good trolling motor. Other than that they are ready to fish and they really don`t need anything else added to them. Take care and let us know if there is anything we can do for you. give you a idea of the options. Mark Fisher President Fisher Beavertail, Mfg Inc. What are the best options in your opinion.

The very best place to look is www.repofinder.com . The service is free to use and it links you directly to repossessed property at your local credit unions. I would check in States that neighbor bodies of water like Florida, Michigan, etc. and you should find plenty to choose from.

I`m not looking to make money on my boat purchase - but wondering which boats hold their value or at least devalue the least. I like the Hatteras or Carver boats in the 50` to 65` range or any boat similar to that style. If I just maintain and do some upgrades ( I would upgrade the fabric, carpet etc to modern day) would I at least hold the value?? I`m looking for older boats in the 200 thousand dollar range. Thanks!

I am honestly not quite sure what type of boats your mean. Well known brand names of whitewater rafts and inflatable kayaks hold their value very well, but zodiac style sportboats (which are in plentiful supply on the used market) and no-name brands do not. I would need to know the specifics about which boat/brand you are asking about. Express your personality in color. Preview and select themes for Hotmail?.

Tough question and as a general rule no, boats do not appreciate. You can, however, *make *a boat appreciate by purchasing well, improving the boat and maintaining the boat. Purchase when times are tough - like now - and sell when times are good but keep the boat in pristine condition. You *can *make money that way. Boats do not appreciate on their own - they need help from their owners.

Unfortunately we are unable to help with your enquiry as The Department of Fisheries only deals with Fisheries Management issues. Sorry we couldn`t be of any more assistance. Do boats maintain their value. I don`t know if you are the right person to ask, but any advice/pointers you might have would be very much appreciated. Any help would be appreciated. I am very grateful for your help.

ABA does not endorse any specific repo boat company/website. As such, I suggest doing an Internet search for repossessed boats and see if something comes up in your area. If you would like to get a general idea of the value of a particular boat, ABA does provide a link to the NADA boat values site at. Where to buy repo boats. What should I watch out for.

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